DOI:

Abstract

"In recent years, with the stable economic growth and the living standard being more and more improved, there has arisen an increasing need for automobiles. Many families have a desire to possess autos as the means of transport. However, the development of traffic infrastructures could not keep pace with increases in the quantity of cars. Unsafe means of transportation and drivers who do not abide by the applicable traffic law all have brought in the high risk of unexpected traffic accidents. Thus, it is in the urgent need to work out a useful method to protect traffic participants (hereunder referred to as “drivers”) against losses incurred as a result of traffic accidents In a modern society, insurance may be deemed as the best tool to prevent risks that man may face. In recent years, the Ministry of Finance has granted license to many new non-life insurance companies, increasing the total number of general insurers in Vietnam up to 27. As a result, voluntary automobile insurance models have been launched with many diverse and tempting options. Based on theories relating to car insurance in the context of Vietnam in general and in Nha Trang City in particular, this paper is to present analyses and measures to develop the voluntary automobile insurance market healthily in favor of both insurers and their customers. "

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